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 [wta] RHB bank full flexi house loan, how flexi is RHB full flexi house loan

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GGSC27
post Jan 10 2019, 11:55 PM

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QUOTE(cybpsych @ Jan 10 2019, 07:17 AM)
kinda too hard to understand...tot can hav a layman term one
Jie
post Jan 14 2019, 04:12 PM

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Hi guys, seek your opinion and advice.

I got offer from Public bank and RHB so far trying to decide between this two.

1.) PBB Semi flexi 1st yr 4.35% subsequently 4.45% (semi flexi can reduce principle by any amount and min mrta only 6k)

2.) RHB full flexi 4.45% (* downside is need to reduce principle need to pay into loan account multiples of rm1000 and min mrta is higher at 9.7k)

what is your advice and which would you choose? Is it worth to pay higher for the mrta and the multiples of 1k to offset principle for full flexi?

thanks in advance !
skl097
post Jan 14 2019, 04:20 PM

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QUOTE(Jie @ Jan 14 2019, 04:12 PM)
Hi guys, seek your opinion and advice.

I got offer from Public bank and RHB so far trying to decide between this two.

1.) PBB Semi flexi 1st yr 4.35% subsequently 4.45% (semi flexi can reduce principle by any amount and min mrta only 6k)

2.) RHB full flexi 4.45% (* downside is need to reduce principle need to pay into loan account multiples of rm1000 and min mrta is higher at 9.7k)

what is your advice and which would you choose? Is it worth to pay higher for the mrta and the multiples of 1k to offset principle for full flexi?

thanks in advance !
*
i tot RHB only offer MLTA?
Jie
post Jan 14 2019, 04:46 PM

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QUOTE(skl097 @ Jan 14 2019, 04:20 PM)
i tot RHB only offer MLTA?
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No, they offer MRTA
skl097
post Jan 14 2019, 06:05 PM

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QUOTE(Jie @ Jan 14 2019, 04:46 PM)
No, they offer MRTA
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is it? my banker told me only MLTA... feel like being cheat...
Jie
post Jan 15 2019, 12:01 PM

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QUOTE(skl097 @ Jan 14 2019, 06:05 PM)
is it? my banker told me only MLTA... feel like being cheat...
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Oh, what was your loan amount and how much for the MLTA?

The options for RHB are GRTA/MRTA/ODLA/CLTA: according to LO
skl097
post Jan 15 2019, 12:17 PM

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QUOTE(Jie @ Jan 15 2019, 12:01 PM)
Oh, what was your loan amount and how much for the MLTA?

The options for RHB are GRTA/MRTA/ODLA/CLTA: according to LO
*
around 580k
chilskater
post Jan 17 2019, 09:06 PM

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MRTA and MLTA no need to buy, just buy insurance that can cover ur housing loan...but a bit mahal...when it is matured, u get the money and coverage ..just buy for MRTA & MLTA for 5-10 years, the bank will offered cheap rates when it is about to expire, instead ofone lumpsum 35 years
Ganandran
post Apr 24 2019, 11:40 AM

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QUOTE(chilskater @ Jan 17 2019, 09:06 PM)
MRTA and MLTA no need to buy, just buy insurance that can cover ur housing loan...but a bit mahal...when it is matured, u get the money and coverage ..just buy for MRTA & MLTA for 5-10 years, the bank will offered cheap rates when it is about to expire, instead ofone lumpsum 35 years
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u mean buy from insurance agent or bank? First time house buyer.
Below is the offer given by bank. Can advise?


RHB Loan Approved

Total Loan amount: RM439,773.00
Loan margin: 90%
Loan tenure: 35yrs
Interest rate: 4.55%
Monthly installment: RM2,095

* loan amount including MLTA, cover 350k for 33 years

For the MLTA. It’s included in the loan, no upfront payment. It’s rm21,273 for the coverage, if divided into 33 years, per month it’s only RM53. Monthly payment RM53, to cover 350k. Usually outside won’t be able to find this rate

This post has been edited by Ganandran: Apr 24 2019, 01:28 PM
eric.tangps
post Apr 25 2019, 09:51 PM

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QUOTE(Ganandran @ Apr 24 2019, 11:40 AM)
u mean buy from insurance agent or bank? First time house buyer.
Below is the offer given by bank. Can advise?
RHB Loan Approved

Total Loan amount: RM439,773.00
Loan margin: 90%
Loan tenure: 35yrs
Interest rate: 4.55%
Monthly installment: RM2,095

* loan amount including MLTA, cover 350k for 33 years

For the MLTA. It’s included in the loan, no upfront payment. It’s rm21,273 for the coverage, if divided into 33 years, per month it’s only RM53. Monthly payment RM53, to cover 350k. Usually outside won’t be able to find this rate
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Don’t think that is MLTA, most probably be MRTA. It will be on reducing scale, do check up with Banker the coverage period and amount. Do buy as close as possible to the 35 years tenure if you don’t plan to fork out MLTA monthly premium.
chilskater
post May 5 2019, 02:14 PM

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buy from agents...dont put MLTA or MRTA, rugi bayar interest.. cover 350k only?if got extra money, buy insurance coverage bigger than ur house vàlue..the bank officer just wanna scared u when u didnt buy MRTA/MLTA from them...
luffytaro
post Jun 5 2019, 02:39 AM

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QUOTE(chilskater @ May 5 2019, 02:14 PM)
buy from agents...dont put MLTA or MRTA, rugi bayar interest.. cover 350k only?if got extra money, buy insurance coverage bigger than ur house vàlue..the bank officer just wanna scared u when u didnt buy MRTA/MLTA from them...
*
Can you advise which insurance company can offer coverage that cheaper and have good coverage. For RHB MLTA, they use third party insurance company too. not insured by themselves.
chilskater
post Jun 5 2019, 08:59 PM

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Prudential...u have to ask banyak2 company...
kooujy
post Jun 27 2019, 03:36 PM

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i got this reply from RHB banker

user posted image
TShayview
post Aug 26 2019, 10:05 AM

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Hi

Just an update, even you are paying extra to principle prepayment, the principle is reduced and interest is reduced.

but you are still required to pay the same amount every month, because there is not recalculation.

just called to bank officer to confirm.


unknown_2
post Aug 26 2019, 02:47 PM

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QUOTE(hayview @ Aug 26 2019, 10:05 AM)
Hi

Just an update, even you are paying extra to principle prepayment, the principle is reduced and interest is reduced.

but you are still required to pay the same amount every month, because there is not recalculation.

just called to bank officer to confirm.
*
izzit a new rules or wat?
i remember last year, once i 4got to pay the regular installment.
i called & ask if there's any penalty.
the CS told me that they bank edi auto deduct from my "advanced payments".
i've nvr make any advanced regular payment, but i did put som in principle.
TShayview
post Aug 27 2019, 07:06 PM

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QUOTE(unknown_2 @ Aug 26 2019, 02:47 PM)
izzit a new rules or wat?
i remember last year, once i 4got to pay the regular installment.
i called & ask if there's any penalty.
the CS told me that they bank edi auto deduct from my "advanced payments".
i've nvr make any advanced regular payment, but i did put som in principle.
*
i also not sure it is new rule or what,
but the full flexi loan wasnt really that flexi.

there is no online statement,
so you wouldnt know how much you owe, or how much they charged based on current principle.
even want to see the loan statement, also need go to local office and apply to check.
so many things are hindered from us.

davidletterboyz
post Sep 8 2019, 05:53 PM

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QUOTE(hayview @ Aug 27 2019, 07:06 PM)
i also not sure it is new rule or what,
but the full flexi loan wasnt really that flexi.

there is no online statement,
so you wouldnt know how much you owe, or how much they charged based on current principle.
even want to see the loan statement, also need go to local office and apply to check.
so many things are hindered from us.
*
That's the thing. I noticed it's a very not reliable customer support in a way that they cannot tell us anything because "every calculation is done by backend system". ranting.gif
TShayview
post Sep 9 2019, 10:42 AM

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QUOTE(davidletterboyz @ Sep 8 2019, 05:53 PM)
That's the thing. I noticed it's a very not reliable customer support in a way that they cannot tell us anything because "every calculation is done by backend system".  ranting.gif
*
yup, they are making everything hard for us and not cheap for us also.


"
Should you wish to request for your Housing Loan statement, it is subjected to fee of RM5 per page for additional loan statement.

Should you wish to request the statement, you may forward us the duly signed request letter stating the fee is agreeable and all of borrower signatures are required on the change of address request letter if the account is under a joint account.

We appreciate your understanding, as proper verifications are required in order not to compromise on customer's security and to ensure that customer's confidential information is not divulged to third parties and this could not be done through e-mail.
"
davidletterboyz
post Sep 10 2019, 12:23 AM

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QUOTE(hayview @ Sep 9 2019, 10:42 AM)
yup, they are making everything hard for us and not cheap for us also.
"
Should you wish to request for your Housing Loan statement, it is subjected to fee of RM5 per page for additional loan statement.

Should you wish to request the statement, you may forward us the duly signed request letter stating the fee is agreeable and all of borrower signatures are required on the change of address request letter if the account is under a joint account.

We appreciate your understanding, as proper verifications are required in order not to compromise on customer's security and to ensure that customer's confidential information is not divulged to third parties and this could not be done through e-mail.
"
*
Yours is what bank and plan?

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